To incorporate a new LLP or change the name of an existing LLP, you can apply for reservation of name through the RUN-LLP service available on the MCA Portal.
Rules to select proposed name of LLP
- The name should not be obstructed in the Emblems and Names (Prevention of Improper Use) Act, 1950
- It should not be an exact translation in Hindi or English of an existing LLP
- It should not have a phonetic resemblance to the name of an existing LLP. Eg: J.K. LLP v/s Jay Kay LLP
- It must not contain:
- any words that are offensive to a specific set of people
- words like co-operative or sahakari or a similar word in a regional language
- words like national, union, central, federal, republic, president, rashtrapati etc that falsely indicates a connection with the central or state government
- the word ‘British India’
- words like bank, insurance, banking, venture capital, mutual fund etc without the approval of the regulatory authority
- words like company secretary, chartered accountant, advocate etc without obtaining approval from the concerned council
- The name must not indicate a connection with an embassy, consulate or a foreign government
- It must not include the name of a registered trademark unless the owner gives the consent
- It must not resemble to the name of an LLP or Company in liquidation or the one which is struck off up to a period of 5 years
To read more about the laws and rules governing the name reservation for an LLP, refer to the Instruction Kit of MCA
As per Companies Act, 2013 the name of a company cannot be identical to the name of an existing LLP or trademark. Hence, if the name is similar or identical to an existing company, the name application will be rejected.
To approve your Limited Liability Partnership name with ROC can generally take about 3–5 days once you upload the form & payment of fees has been cleared.
Indeed. It is possible to convert an LLP into a Pvt. Ltd. company as per the provisions contained in Section 366 of the Companies Act, 2013 and Company (Authorised to Register) Rules, 2014